View Single Post
M.D. Holloway M.D. Holloway is offline
Targa, Panamera Turbo
 
M.D. Holloway's Avatar
 
Join Date: Aug 2004
Location: Houston TX
Posts: 22,366
Do you need health insurance and can you deduct it from income?
- my full time gig offers a nice package

Can you avoid or minimize self-employment tax?
- don't know, would like to

Can you take a write-off for a home office?
- I am sure I could if this was set up as a standalone biz

Can you write off cars and travel expenses against income?
- yes, I think I could

Can you potentially move some of the income to kids and/or spouse who might be in lower (or zero) tax bracket?
- the reason why I would put it in my wifes name
__________________
Michael D. Holloway
https://simple.m.wikipedia.org/wiki/Michael_D._Holloway
https://5thorderindustry.com/
https://www.amazon.com/s?k=michael+d+holloway&crid=3AWD8RUVY3E2F&sprefix= michael+d+holloway%2Caps%2C136&ref=nb_sb_noss_1
Old 11-17-2006, 07:39 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #6 (permalink)